The new tariffs will impact many countries, not just those with which the United States has a significant trade deficit. The tariff rate will vary depending on the country, with ASEAN countries such as Vietnam, Cambodia, and Thailand among those seeing the most significant impacts. According to...
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SAO PAULO (ICIS)–US import tariffs on China and other Asian countries are increasing fears in Chile that even higher amounts of imports will dent domestic plastics and wider manufacturing producers’ competitiveness, according to the CEO at the country’...
Meanwhile, concerns over adverse impact from the US tariffs came after the US administration imposed a series of back-and-forth tariff moves against its major trade partners since January, including 25 percent tariffs on imports of steel and aluminum, another 10 percent tariff on imports from Chin...
Traditionally, bullion banks transport gold eastward from the West to meet demand from China and India, the world's two largest consumers, accounting for almost half of global consumption. But alarm about U.S. import tariffs planned by President Donald Trump...
Overall, the US does not have a heavy reliance on the import of critical minerals from China, meaning that the tariff hike on these goods will have a minimal impact on US companies and consumers. Among the critical minerals targeted by the tariffs, China accounted for just 4.6 percent of...
As the 2 April 'Liberation Day' approaches, financial markets have turned more jittery with exporters and businesses bracing for potentially hard-hitting import tariffs imposed by US President Trump, UOB Group's economists Suan Teck Kin and Alvin Liew no
Meanwhile, concerns over adverse impact from the US tariffs came after the US administration imposed a series of back-and-forth tariff moves against its major trade partners since January, including 25 percent tariffs on imports of steel and aluminum, another 10 percent tariff on imports from Chin...
On the same day,Reutersreportedthat the Biden administration is considering granting a request from a South Korean solar panel manufacturer to overturn an exemption that allows certain solar panel technology to be imported into the US from China and other countries without paying tariffs. ...
producers like Bitmain could set up operations in other countries to avoid US sanctions. During Trump’s first term, when he imposed a 25% tax duty on a number of consumer electronic goods from China, many mining hardware producers moved to Malaysia, Indonesia and Thailand to avoid tariffs. ...